PPP Loan Data — Outreach Community Health Centers, Inc, Milwaukee, WI
Outreach Community Health Centers, Inc is a non-profit organization located at 711 W Capitol Dr. in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,747,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Town Bank, National Association
Outreach Community Health Centers, Inc in Milwaukee, WI received a Paycheck Protection Loan of $1.75M through Town Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Outreach Community Health Centers, Inc's 2019 payroll expenses are estimated to be at least $8.39M.
Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $59,901 per employee1
Reported PPP Proceed Usage:
On the PPP application, Outreach Community Health Centers, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,310,325
- Rent: $436,775
Business Information - Outreach Community Health Centers, Inc in Milwaukee, WI
711 W Capitol Dr.
Milwaukee, WI 53206
All Other Outpatient Care Centers
NAICS code 621498
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Milwaukee
In the Milwaukee area, 3 businesses in the "All Other Outpatient Care Centers" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 140) and received an average PPP loan of $596,255 (compared to this company's $1.75M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 20,239 businesses in the "All Other Outpatient Care Centers" industry received a total of $1.82B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 9 employees, 94% lower than Outreach Community Health Centers, Inc's reported 140 employees, and received an average PPP loan of $90,010, 95% lower than this company's loan of $1.75M.
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Footnotes & Information
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